Economy

All that you need to know that happened last week in Mutual Funds

Updated : July 30, 2018 06:27 AM IST

History was made this week as BSE Sensex made another all-time high crossing the 37,000 level on the way. Recovery in SmallCap and MidCap stocks came as a relief to investors. HDFC AMC IPO was the other hot topic of the week - the issue was 83 times oversubscribed beating all market estimates. This further signifies the overall positive outlook for Mutual Fund Industry in India.

What worked best?

It was a positive week for Equity Markets. BSE Sensex and NIFTY went up by 2.30% and 2.44% respectively over the week. Smallcap and Midcap Indexes outperformed the large-cap indexes as Bse Smallcap was up by 4.64% and BSE Midcap was up by 4.71%.

Index	Weekly opening	Weekly close	Increase/Decrease
BSE Sensex	36,496.37	37,336.85	2.30%
Nifty	11,010.20	11,278.35	2.44%
BSE Smallcap	15,721.43	16,450.20	4.64%
BSE Midcap	15,196.46	15,912.62	4.71%

Source- BSE/NSE

Top 5 Best Performing Funds Last Week:

Name	Week	1Y Return	3Y Return	Sub-Category
HSBC INFRASTRUCTURE EQUITY GROWTH DIRECT PLAN	7.3%	-12.1%	1.4%	Sectoral/Thematic
HDFC INFRASTRUCTURE GROWTH DIRECT PLAN	6.9%	-16.3%	1.5%	Sectoral/Thematic
RELIANCE POWER AND INFRA GROWTH DIRECT PLAN	6.3%	-3.9%	9.3%	Sectoral/Thematic
RELIANCE TAX SAVER GROWTH DIRECT PLAN	6.0%	-7.3%	6.6%	ELSS
ICICI PRUDENTIAL NIFTY NEXT 50 INDEX GROWTH DIRECT PLAN	5.9%	5.0%	13.1%	Index Funds

Source – Kuvera.in

What investors bought?

We saw the most inflows last week in these 5 schemes –

Fund	1Y return	3Y return	Sub-category
L&T EMERGING BUSINESSES GROWTH DIRECT PLAN	6.8%	13.9%	Small Cap Fund
AXIS FOCUSED 25 GROWTH DIRECT PLAN	23.3%	17.8%	Focused Fund
KOTAK STANDARD MULTICAP GROWTH DIRECT PLAN	10.0%	14.4%	Multi-Cap Fund
HDFC SMALL CAP GROWTH DIRECT PLAN	17.1%	19.9%	Small Cap Fund
AXIS ARBITRAGE GROWTH DIRECT PLAN	6.8%	6.9%	Arbitrage Fund

Source – Kuvera.in

Movers and shakers at Fund House:

1. Invesco announced that its India Liquid fund will now be co-managed by Krishna Cheemalapati and Abhishek Bandiwdekar.

2. DSP BlackRock Mutual Fund announced Mr Gopal Agrawal’s appointment to the post of Senior Fund Manager and Head, Macro Strategy.

In other news:

1. Much awaited, HDFC AMC’s IPO was a great success as the issue was oversubscribed by 83 times.

2. SENSEX reached an all-time high during the week and crossed the 37,000 mark for the first time. The index ended the week at 37,336.85

3. Reports emerged that Samco Securities and Equity Intelligence India have applied with SEBI (Securities and Exchange Board of India) for license to launch their own Mutual Fund businesses.

Quote of the week

“Invest for the long-term.” – Lou Simpson

Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform. He is on a mission to make wealth management accessible to all. He is passionate about Mutual funds, Equity Markets and Technical analysis.

Gaurav Rastogi is the CEO of Kuvera.in: a free direct mutual fund investing platform. Gaurav managed a pan-Asia quantitative portfolio for Morgan Stanley before he started Kuvera.